Klegg Electronics Inc. Wholly-Owned Subsidiary Set to Expand Operations Into Southwestern United States
04 2월 2009 - 10:31PM
PR Newswire (US)
LAS VEGAS, Feb. 4 /PRNewswire-FirstCall/ -- Klegg Electronics, Inc.
(Pink Sheets: KLGG) is pleased to announce that its wholly-owned
subsidiary Pristine Preservation will seek to expand its operations
into the Southwestern United States and begin maintaining
properties in the state of Arizona. Pristine Preservation Group is
a full-service property preservation company based in Nevada. The
company serves the state's property management companies as well as
the mortgage, banking and real estate industries. Pristine
Preservation Group seeks out banking and mortgage companies as well
as vendor management companies that are hired by banks to maintain
foreclosed properties. Pristine Preservation Group specializes in a
wide range of preservation services including damage estimates,
lock changes, board-ups and winterizations. The Company also
performs extensive maintenance and repairs to the interior and
exterior of the homes. Those repairs include installing new
drywall, floors, light fixtures, plumbing, hardware replacements,
appliance installation, cabinet and vanity replacement, and
upgrades, as well as new and restorative roof repairs, hazardous
waste removal and yard work. "We are moving forward with plans to
expand our operations throughout the U.S. in order to capitalize on
the absence of preservation and maintenance services for bank owned
real estate. We have had an overwhelming response from multiple
banks and mortgage companies and look forward to increasing our
presence in those States," stated Dennis Gentles, CEO of Klegg
Electronics, Inc. About Klegg Electronics, Inc.: Klegg Electronics,
Inc. is a manufacturer and distributor of high quality electronics
products for business and consumers. The Company is in the process
of expanding its business model to include the preservation of
residential properties that have been acquired by mortgage lenders
through foreclosure. Safe Harbor Statement: This press release
contains or may contain forward-looking statements such as
statements regarding the Company's growth and profitability, growth
strategy, liquidity and access to public markets, operating expense
reduction, and trends in the industry in which the Company
operates. The forward-looking statements contained in this press
release are also subject to other risks and uncertainties,
including those more fully described in the Company's filings with
the Securities and Exchange Commission. The Company assumes no
obligation to update these forward-looking statements to reflect
actual results, changes in risks, uncertainties or assumptions
underlying or affecting such statements, or for prospective events
that may have a retroactive effect. DATASOURCE: Klegg Electronics,
Inc. CONTACT: Investor Relations of Klegg Electronics, Inc.,
1-866-THE-APPL(E) Web Site: http://www.klegg.com/
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